Seattle Office of Film + Music

August 18, 2009, 3:09 pm
Filed under: Digital Media, Music | Tags: ,

Ars Technica
Despite the popularity of digital music, from single-track purchases to subscriptions, physical media has continued to generate the most music revenue in (almost) every market in the world. According to data from the International Federation of the Phonographic Industry (IFPI), though, that will soon change: revenue from digital music sales worldwide are on track to equal that of physical sales as early as 2016, and by 2010 in the United States. Consumers in the United States buy the most digital music relative to their total music purchases—revenue generated by digital music was 36 percent of the total at the end of 2008. Asia trails the US when it comes to digital music buying, though South Korea is currently the only place in the world where digital downloads trump physical formats.

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